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QQQ chart

 
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arthur
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PostPosted: Sat Oct 02, 2004 3:22 pm    Post subject: QQQ chart Reply with quote

This is QQQ's third rally attempt this year. The first chart shows QQQ rallied from 34 to 37 1/2 or 38 over the past two rally attempts. However, QQQ started from a more oversold level (see low MACD) this time.

The second chart (a same period chart) shows VXN, i.e. Nasdaq 100 volatility index (QQV the QQQ volatility index had errors), indicates QQQ is near a short-term top.


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